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Number of Industrial/Commercial <br />Parcels10 2,875 <br />Average Assessed Value/Parcel $107,962 <br />$107,962 Average Assessed Value/Parcel x 396 Possible <br />Parcels on Site = <br />$42,752,952 Assessed Value of 135 Acre Parcel <br />.0109 Mills x $42,752,952 = $466,007 Estimated Annual Tax <br />Revenue <br />Net Fiscal Impact of Industrial Development <br />Using a method based on employment projections, the cost to the <br />County of industrial development would be $456,572. The revenue <br />which the County could get from such development has been estimated <br />to be $466,007. Thus, the County would gain approximately $9,435. <br />Again, this net fiscal impact represents only the direct revenue <br />impacts, not any secondary impacts. <br />IV. CONCLUSION OF ANALYSIS <br />The net fiscal impact of each type of development are as follows: <br />TABLE 8 <br />Type of bevelopment ......Economic <br />Costs <br />Reventes' <br />Benefit <br />'to County <br />Mobile Home Park <br />$1,504,856. <br />$ 94',694. <br />-$1,410,162. <br />le -Family 2,795,217'. . <br />Industrial <br />ommercial ..... '456,572'. <br />46 6', 0-0-7. + <br />$.2.,.574.,503. <br />$ 9,435. <br />Clearly, industrial development on the proposed site would be of <br />greatest economic benefit to the County. <br />i <br />- <br />10SeeTable 1. -11 <br />11FromIndian River County Comprehensive Plan "� <br />12 WK 2 PA --E103 <br />NOTE: --The <br />full 135 acres have <br />analysis because whether <br />been <br />the <br />included in the revenue <br />land <br />NOV 17 1982 <br />or not, if it were part <br />development, <br />of an <br />had a structure on�it <br />industrial/commercial <br />it would be <br />taxed <br />as such. <br />